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David Tepper, full name David Alan Tepper, is an American billionaire hedge fund manager and philanthropist. He was born on September 11, 1957, in Pittsburgh, Pennsylvania. Tepper is best known as the founder and president of Appaloosa Management, a global hedge fund firm.

Tepper grew up in a middle-class family in Pittsburgh and attended the University of Pittsburgh, where he earned his bachelor’s degree in economics. He later pursued a Master of Science in Industrial Administration (now known as an MBA) from Carnegie Mellon University.

After completing his education, Tepper began his career in finance, working for various firms such as Equibank and Goldman Sachs. In 1993, he founded Appaloosa Management, which started as a distressed debt-focused hedge fund. Over the years, Tepper’s investment strategies expanded to include various sectors and asset classes, including equities, bonds, and derivatives.

Tepper gained widespread recognition for his successful investments and the consistent performance of Appaloosa Management. His investment approach is characterized by deep fundamental analysis, contrarian views, and a focus on distressed assets and turnaround opportunities. He has a reputation for making bold moves during times of market volatility, which has contributed to his significant success as an investor.

As of the knowledge cutoff in September 2021, David Tepper’s net worth was estimated at around $14 billion, according to Forbes. He is consistently ranked among the wealthiest individuals in the world.

In addition to his successful career in finance, Tepper is known for his philanthropic efforts. He has made significant donations to various causes, including education, healthcare, and fighting hunger.

David Tepper’s investment prowess, philanthropic endeavors, and influence in the financial industry have earned him a prominent place in the world of finance and business. His career serves as an inspiration to many aspiring investors and entrepreneurs.